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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3631 |
DP3631 The Political Economy of Policy Centralization: Direct Versus Representative Democracy | |
Kimberley Scharf; Michela Redoano | |
发表日期 | 2002-11-20 |
出版年 | 2002 |
语种 | 英语 |
摘要 | We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions 'trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the 'wrong' (i.e. negative) sign, although trade too has a positive effect on institutional quality. We relate our results to recent literature, and where differences exist, trace their origins to choices on samples, specification, and instrumentation. |
主题 | International Trade and Regional Economics ; Public Economics |
关键词 | Economic growth Development Trade Institutions Geography |
URL | https://cepr.org/publications/dp3631 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532639 |
推荐引用方式 GB/T 7714 | Kimberley Scharf,Michela Redoano. DP3631 The Political Economy of Policy Centralization: Direct Versus Representative Democracy. 2002. |
条目包含的文件 | 条目无相关文件。 |
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